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Boston Scientific Announces Results for Fourth Quarter and Year Ended December 31, 2008
Date:1/28/2009

om divested businesses of $553 million.

Worldwide sales of the Company's CRM products for the full year were as follows:


    (in millions)             U.S.        International        Worldwide
                         2008      2007  2008       2007    2008       2007
    ICD systems        $1,140    $1,053  $541       $489  $1,681     $1,542
    Pacemaker systems     340       318   265        264     605        582

    Total CRM products $1,480    $1,371  $806       $753  $2,286     $2,124

Worldwide sales of the Company's coronary stent systems for the full year were as follows:


    (in millions)               U.S.        International        Worldwide
                           2008      2007  2008       2007    2008       2007
    Drug-eluting           $833    $1,006  $801       $782  $1,634     $1,788
    Bare-metal               88       104   129        135     217        239

    Total coronary stent
     systems               $921    $1,110  $930       $917  $1,851     $2,027

Reported net loss for 2008 was $2.072 billion, or $1.38 per share. Reported results for 2008 included intangible asset impairments, acquisition-, divestiture-, litigation- and restructuring-related charges, and amortization expense (after-tax) of $3.289 billion, or $2.19 per share, which consisted of:

  • $2.810 billion ($2.844 billion pre-tax) of intangible asset impairment charges, associated primarily with a write-down of goodwill;
  • a $184 million gain ($250 million pre-tax) related to the receipt of an acquisition-related milestone payment from Abbott Laboratories;
  • $44 million ($43 million pre-tax) of net purchased research and development charges, associated primarily with the Company's acquisitions of CryoCor, Inc. and Labcoat, Ltd.;
  • $100 million of charges ($133 million p
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SOURCE Boston Scientific Corporation
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